Parag Parikh Conservative Hybrid Fund
PPFAS Mutual Fund·Conservative Hybrid Fund·vs Peer Median
The portfolio remains anchored in state development loans yielding seven percent plus, reflecting conviction in sovereign credit and attractive real estate yields through twin REITs. The manager's modest rebalancing—trimming agricultural financing while adding cement exposure and fresh SDL maturities—suggests tactical positioning around inflation expectations and selective equity conviction without abandoning conservative positioning. With nearly 62% in sovereigns and a modest 16% equity tilt, this fund prioritizes steady income over growth.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹15.7548 | — | — | — | — | — | — |
| Regular Growth | ₹15.5219 | -0.09% | -0.16% | +1.03% | +3.78% | +10.18% | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
107
Top 5 Weight
22.48%
Top 10 Weight
34.85%
Active Share
—
Large Cap
6.92%
Gini
0.534
What Changed2026-03-31 → 2026-04-30
Holdings: 106 → 108+3 added−2 removed9 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Ambuja Cements Limited | 0.06% |
| 7.36% Karnataka SDL (MD 13/03/2034) | 1.47% |
| 7.74% Maharashtra SDL (MD 01/03/2033) | 0.15% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Brookfield India Real Estate Trust INE0FDU25010 | 5.07% |
| 2 | Embassy Office Parks REIT INE041025011 | 5.05% |
| 3 | 7.08% Uttar Pradesh SDL (MD 17/02/2031) IN3320200295 | 4.42% |
| 4 | 7.08% Karnataka SDL (MD 12/08/2031) IN1920240232 | 4.14% |
| 5 | 7.72% Maharashtra SDL (MD 01/03/2031) IN2220220171 | 3.80% |
| 6 | 7.38% Karnataka SDL (MD 04/09/2034) IN1920250272 | 2.80% |
| 7 | 7.82% Tamilnadu SDL (MD 27/10/2032) IN3120220188 | 2.58% |
| 8 | Coal India Limited INE522F01014 | 2.42% |
| 9 | 7.93% Uttar Pradesh SDL (MD 24/03/2030) IN3320190272 | 2.29% |
| 10 | 7.76% Maharashtra SDL (MD 04/10/2030) IN2220220122 | 2.28% |
| 11 | 7.49% SIDBI NCD Ser VIII (MD 11/06/2029) INE556F08KX8 | 2.23% |
| 12 | ITC Limited INE154A01025 | 2.10% |
| 13 | Power Grid Corporation of India Limited INE752E01010 | 2.08% |
| 14 | Petronet LNG Limited INE347G01014 | 1.94% |
| 15 | 7.55% Gujarat SDL (MD 28/12/2030) IN1520220170 | 1.71% |
| 16 | 6.78% Maharashtra SDL (MD 25/05/2031) IN2220210073 | 1.61% |
| 17 | REP7_300426 nan | 1.59% |
| 18 | 7.33% Maharashtra SDL (MD 31/05/2031) IN2220230055 | 1.50% |
| 19 | 7.61% Gujarat SDL (MD 03/08/2032) IN1520220071 | 1.50% |
| 20 | 7.39% Tamilnadu SDL (MD 12/06/2032) IN3120240111 | 1.49% |
Sector Allocation
Sovereign61.6%
Realty10.8%
CRISIL AAA9.6%
Consumable Fuels2.4%
Diversified FMCG2.1%
Power2.1%
Gas1.9%
ICRA AAA1.5%
nan1.5%
Finance1.0%
Top 10 sectors by % to NAV. Excludes derivatives.